Bitcoin surges to $17000 after start of futures trading

Bitcoin surges to $17000 after start of futures trading

It's a step forward for the bitcoin, which has soared this year despite concerns that the surge of investor interest has transformed it from a new-age currency into just the latest speculative bubble.

"The next immediate things we will see with the futures is more predictable price movement and less volatility", said Emin Gun Sirer, a professor at Cornell University who studies digital currencies like bitcoin.

That surge in value has pushed bitcoin futures way ahead of the "spot" price of bitcoin - ie, how much you'd have to pay for one right now. The Cboe's website crashed several times or slowed down, due to a surge of interest. The exchange operator has rules in place to stop trading after price swings of 10 percent. Other brokerages are putting restrictions on the amount of margin a trader can use in bitcoin futures, or putting limits on the amount that can be purchased.

Anil Kapoor joins cast of Race 3 with Salman Khan
It has been reported that the clash between Salman Khan's " Race 3 " and Aishwarya Rai Bachchan's " Fanne Khan " has been averted. The film also stars Bobby Deol, Jacqueline Fernandez, Daisy Shah, Saqib Saleem and Freddy Daruwala along with various others.

The Cboe futures don't involve actual bitcoin.

Futures markets not only offers the option to go short, but also provides a leverage platform and this may draw in investors looking to boost earnings, though caution will is needed with Bitcoin's volatility having shown its teeth in recent days. JPMorgan Chase CEO Jamie Dimon has called bitcoin "a fraud".

We've heard plenty of speculation on the possible effects of the availability of Bitcoin futures on Bitcoin itself and the cryptocurrency world in general. They were last quoted at $18,100 a premium of more than$1,700 to the price on Gemini Exchange. But it has to be noted with care that the bitcoin futures trading has begun at the CBOE and this is likely to lead to some good 2 way trading at that exchange.

Ayodhya case: Muslim bodies speak in different voices
We want an early decision from the court. "Why does he have to link a Ram mandir (temple) with the elections". PM Modi welcomed the stance of Sunni Wakf Board that the case should be redressed in a time bound manner.

According to CoinDesk's Bitcoin Price Index (BPI) it jumped from $14,509 at 22:59 UTC to $15,732 seven minutes later, 8.4% in a few minutes.

There have been other attempts to bring bitcoin investing into the mainstream.

Hopes are that forks through the next 6-12 months can make the necessary improvements to Bitcoin's blockchain technology without any further offspring and, as the Bitcoin Futures markets are pointing out, current bets are for further gains through to January.

Kim Kardashian Might've Shaded Taylor Swift by Reposting Her Naked Body
Swift then went on to tell West him to use whichever lyric he thought was best because " people will know it is not a dis". Captioned, " Famous ", Kardashian, 37, was met with several comments featuring endless amounts of rat emojis.

Related Articles

  • Apple Music just got a little more oomph with this key acquisition

    Apple Music just got a little more oomph with this key acquisition

    As Apple Music chases Spotify's subscriber base numbers, such acquisitions will help add more value to Apple's own services. However, neither Shazam nor Apple have disclosed any information regarding the status of these partnerships.
    Giants free agent target Shohei Ohtani signs with Los Angeles Angels

    Giants free agent target Shohei Ohtani signs with Los Angeles Angels

    At the plate, Ohtani batted.322 in both 2017 and 2016, while also providing his team solid slugging in the mid.500s both seasons. Ohtani's most immediate impact is likely to be on an Angels rotation that had been ravaged by injuries in recent years.
    LNP loses my vote with gay marriage proposal

    LNP loses my vote with gay marriage proposal

    Activists have praised the passage of this bill as a historical landmark and a symbol of the progress made by Australia's LGBT community.
  • FTSE 100 Little Changed As Inflation Hits Nearly Six-year High

    Rising prices for a range of recreational and cultural goods and services, most notably computer games, also had an upward effect. That's something that the Bank of England has indicated, too, in its quarterly economic projections.
    CNN in Hot Water Over Erroneous Trump-WikiLeaks Story

    CNN in Hot Water Over Erroneous Trump-WikiLeaks Story

    News reports that the Grand Inquisitor, Robert Mueller, had subpoenaed Trump family records from Deutsche Bank turned out to be false.
    Trump to undergo physical and release details early next year

    Trump to undergo physical and release details early next year

    With that said, Trump, now 71, was the oldest newly elected president when he took office in January at age 70. Ms Sanders described questions about Trump's speech as "ridiculous", stating that his throat was "just dry".
  • Israeli PM urges approval of Jerusalem decision

    Israeli PM urges approval of Jerusalem decision

    The Palestinians were reacting to President Donald Trump's decision to recognise Jerusalem as Israel's capital. Trump's declaration received wide criticism and opposition from Arab and Muslim countries.
    LiAngelo, LaMelo Ball Agree To One-Year Contract With Lithuanian Team

    LiAngelo, LaMelo Ball Agree To One-Year Contract With Lithuanian Team

    The brothers hired Harrison Gaines as an agent and shared a photo on Instagram signing the contract to play overseas. He believes that all three of sons will eventually play for their hometown team, L.A.

    Senate Approves Trump's Homeland Security Pick

    Senators voted 62-37 on Kirstjen Nielsen's nomination to be DHS secretary, with 10 Democratic senators and Independent Sen. Kirstjen Nielsen is now an aide to White House chief of staff John Kelly, who served as Trump's first homeland secretary.
  • Louvre Abu Dhabi Claims They Own Leonardo's

    Louvre Abu Dhabi Claims They Own Leonardo's "Salvator Mundi"

    The newspaper said that the work will be lent or resold to museums, largely in the Middle East and Asia. It displays La Belle Ferronnière , which is on loan from the Louvre in Paris, according to Bloomberg .
    Tom Savage seen shaking after crushing hit vs. 49ers

    Tom Savage seen shaking after crushing hit vs. 49ers

    Tackle Trent Brown is inactive today as the 49ers take on Texans pass rusher Jadeveon Clowney , who leads Houston with nine sacks. Texans starting quarterback Tom Savage went to the locker room to be evaluated for an injury and was replaced by backup T.J.
    Long Tennessee coach search will end with Alabama DC Jeremy Pruitt

    Long Tennessee coach search will end with Alabama DC Jeremy Pruitt

    Pruitt spent two seasons as Georgia's defensive coordinator from 2014 to 2015 before returning to Tuscaloosa for the 2016 season. Reports linked Oklahoma State's Mike Gundy and Purdue's Jeff Brohm to Tennessee's vacancy, but both stayed with their teams.